09 December 2004

Actuarial Industry.

So here I am at this gig I call my part time job. I'm bored. I am personally invested in this company, but I feel like the work I do doesn't change anything in the big scheme of things. So because of that, I feel unfulfilled in my work.

So I'm updating my blog before I get started on my project.

Today I'm going to talk being and Actuary. For those that don't know, that is where I am looking to start a career in. Actuaries work in three basic fields. I forget what they are. I think it goes something like Casualty and Property Insurance, Pension Planning, and Health and Group Benefits.

The Insurance industry hires the majority of Actuaries, but that's not where I want to go. Insurance Actuaries, stereotypically, just work on their data and do analysis. I've been trying to get a job that involves more people interaction.

There is a subdivision in Consulting of Actuarial Consulting Firms. So, like Accounting, there are the Big Four. Mercer, Towers Perrin, Watson Wyatt, and Hewitt. Each has their own characteristics and cultures. That is where I want to go, I hope I can make it.

And like in Accounting, you have smaller, but still established firms as well. Companies like Miliman. To be honest, that is the only one I know of. So that is an overview of the Actuarial Consulting Industry.

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